Insider Selling: Tesla Inc (NASDAQ:TSLA) VP Sells 1400 Shares of Stock

Tesla Inc (NASDAQ:TSLA) VP John Douglas Field sold 1,400 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total value of $476,938.00. Following the transaction, the vice president now directly owns 21,528 shares in the company, valued at $7,333,943.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

John Douglas Field also recently made the following trade(s):

On Thursday, November 2nd, John Douglas Field sold 600 shares of Tesla stock. The shares were sold at an average price of $301.60, for a total value of $180,960.00.

Shares of Tesla Inc (NASDAQ:TSLA) opened at $311.35 on Monday. The company has a market cap of $52,327.66, a P/E ratio of -36.37 and a beta of 0.95. Tesla Inc has a 1 year low of $210.96 and a 1 year high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. equities analysts expect that Tesla Inc will post -11.38 earnings per share for the current year.

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Tesla by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after buying an additional 292,602 shares in the last quarter. Capital World Investors lifted its stake in shares of Tesla by 0.6% during the 2nd quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer’s stock valued at $1,090,815,000 after buying an additional 17,452 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Tesla by 4.3% during the 2nd quarter. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer’s stock valued at $1,085,801,000 after buying an additional 124,511 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Tesla by 126.6% during the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after buying an additional 305,596 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Tesla by 1.3% during the 3rd quarter. Legal & General Group Plc now owns 545,371 shares of the electric vehicle producer’s stock valued at $186,026,000 after buying an additional 7,119 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

A number of brokerages have recently issued reports on TSLA. ValuEngine raised Tesla from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Sanford C. Bernstein set a $265.00 target price on shares of Tesla and gave the stock a “hold” rating in a report on Monday, November 13th. Barclays reiterated a “sell” rating on shares of Tesla in a report on Sunday, October 15th. Royal Bank of Canada dropped their target price on shares of Tesla from $345.00 to $340.00 and set a “sector perform” rating for the company in a report on Thursday, November 2nd. Finally, Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 price objective for the company in a report on Thursday, November 2nd. Twelve research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $329.45.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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